3 Must Read Books for the “Wandering Entrepreneur”

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3 Must Read Books for the “Wandering Entrepreneur”

Every adult in the United States has at least one or more problems with happiness, satisfaction, and financial wealth. This leads many people to walk through life on auto-pilot. We only get one life and it is important to make it a good one! Creating happiness is an active idea. One must work at being successful. No one ‘wanders” into success. So many people get tired of working multiple jobs to just make ends meet. For those with an entrepreneurial spirit, it is common to see people who have started businesses but don't know how to make them financially successful. The most common problem is not having enough time or energy in a day to do everything they want to. These problems are what prevent people who have amazing potential in business and leadership from realizing that potential and instead continue to be a “wandering entreprenuer”.

What is a “Wandering Entrepreneur”?

I am so glad you asked! According to Google, Wandering is defined as “traveling aimlessly from place to place”. And the word entrepreneur means “a person who starts a business and is willing to risk loss in order to make money”.

One of the most defining characteristics of most financially successful individuals versus those who are not is this: They read every day. 67% of rich people watch less than 1 hour of TV a day.

Here is a summary of the books I have read in the last year that I think are Must Reads for those who are interested in becoming entrepreneurs of any kind. Get started now and you never know what you will find!

1. The Art of Social Media: Power Tips for Power Users

How to Be More Deliberate in What You Want Out of Social Media

This book has larger font and is more of a reference book than anything. The takeaways in this are gold nuggets for those who want to be entrepreneurs. Social media can determine a business’s success or failure. 20 years ago, a business had to spend LOTS of money for advertising and marketing. Now, many startups do not even need to spend any money on advertising. Even if they do, it can be a very small amount. If you are a wandering entrepreneur, this book will help you get started doing at least something in the social media world more purposely.

Not only is there great content in this book but it shows all the different apps and programs available now to make your social media and your time more efficient and productive. Even if you don’t use any of the programs or apps suggested you at least know they are out there. In the future when your business grows, you need to streamline many systems and these will be within your knowledge. Lastly, the author has an impressive resume, giving him some credibility to what he says.

2. Profit First: Transform Your Business from a Cash-Eating Monster to a Money Making Machine

Managing money is one of the MOST important tools to go from a wandering entrepreneur to a successful entrepreneur!

Profit First was a book that changed the way I looked at my business finances. I was tired of not paying myself and wondering at the end of the year if my accounting documents say I profited $25,000 where did it go? It sure wasn’t in my bank account! As a business owner, you never just work 9-5 Monday through Friday. It can be super frustrating not seeing the fruits of your labors. Just reading the first half of Profit First made me realize I NEEDED to budget in at least a little money in my pocket every month even if it was just a little, to incentivize me to continue to work hard. If you are a wandering entrepreneur', this is the importantpart – how to determine where and what you want your money to be spent. The money doesn't go away on its own; you determine how to want to use it!

Profit First can be a little too technical for those who don’t understand accounting. The second half of the book went a little over my head. The first half of the book is worth buying the entire book, however. Realizing the importance of striking a balance between taking too much money out of your business versus not taking any money out for yourself can mean the difference in how you continue to do business. Business owner burnout is real and can be avoided by using tools like they suggest in this book.

Sometimes making mistakes can be the most valuable thing you do to grow yourself and your entrepreneurial skills.

This is by far my favorite book to read so far. Ms. Hadeed shows humility and understanding of how we feel like we are inadequate, in personal relationships or business. By reading her story of how she was able to create a large business from the desire to buy a new pair of expensive jeans I was inspired to get out of my own way. My take away from this book was it’s okay to mess up! And in reality, if you are doing it right, you WILL screw up! It is how you overcome the mess that defines who you really are. She doesn’t explicitly tell you this in the book but she takes every disaster that could have been the demise of her business and once it is resolved uses reflectiveness to determine where it went wrong and how not to make the same mistake.

Remember, whether you are starting your own direct sales business or your own lemonade stand, you will make mistakes. You actually learn more from your mistakes than your successes. Mistakes make you wiser and stimulate personal and professional growth.

What books have you read recently? I would love to hear! Send me a message!

Want to see some of the takeaways from these books in action? Come join me in my Facebook community for ideas and suggestions to implement in your business!

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